I put together a group of stocks inside Exodus, under the acronym TWDFM (these will definitely fuck me), that are supposed to represent everything that’s wrong with the market. They are the proverbial risk assets, the ones that haunt you and keep you up at night. Your advisors scowl at you when you ask them to buy more of these stocks.
They are:
Twitter: Social media pariah
Wynn: Their China business has collapsed
Deutsche Bank: the systemic risk of this market
Freeport McMoran: Copper and oil assets coupled with $20 billion in debt
Macy’s: The mall is dead
On Friday, the median return for these stocks was +12%, representative of a very risk on tape. Conversely, the FANG stocks, Facebook, Amazon, Netflix and Google, were barely up. As a point in fact, year to date, the mean loss for the TWDFM stocks is less than the coveted FANG.
What does it all mean? Hedge fund favorites are getting blown out with reckless abandon, while the bottom feeders may have already seen its selling climax.
Food for thought.
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Scalia Dead is really shaken my world on Valentines Day. Supreme Court hasn’t swung forever. My Lawyer Brain can’t keep quiet on the effect of upcoming rulings and history.
Poor mute Clarence Thomas.. who will he now blindly follow?
True That!
I see what you mean. If hedge funds are blowing up, and their customers are demanding redemptions, then what is blowing up most are the well loved stocks that the hedge funds are longest of. And what is doing less badly are stocks that hedge funds love least.
CHK belongs on that list if you’re gonna go full retard.
FCX has way more debt.
Been wondering why FANG stock weren’t at least showing relative strength lately. Thx!
FANG is the same as TWDFM at this point. Anyone still holding FANG deserves to lose. The story is over.
Look at gold bullion orders Thursday/Friday. I think we may see panic.